Features of Determining the Economic Effect of Using Advanced Technologies in Casting

Abstract

One of the most important indicators for evaluating the innovation activity of enterprises is the economic effect of introducing advanced technology into production. Each type of production has its own characteristics, which are manifested not only in the organisation of the technological process but also in calculations related to the establishment of economic indicators of the feasibility of using new technologies. Evidently, casting and special casting technologies, such as the use of thermite foundry applications of the high-temperature gradient to save the alloy poured into the mould, influence the algorithm for determining the economic effect. This is caused primarily not only by the establishment of direct costs when transforming the standard technological process, namely, the cost of the metal-thermal mixture, changing the mould, ferroalloys, the use of light-separating foundry additives plates, but also by the possibility to re-use remnants of the foundry application, gate, sprue base, etc. elements for remelting. The purpose of the study is to establish the specific features of calculating the economic effect of the introduction of advanced technologies in production, such as technologies associated with the reduction of foundry applications. Statistical methods, namely the quantitative analysis, comparison, and grouping methods were used to conduct research and process the results. Comparison of economic indicators with the actual quantitative characteristics of industrial technology through Integrated evaluation allowed analysing the results and drawing conclusions for the study. The main results of the study are determined by the proposed methodology for determining the economic effect, which, unlike the existing one, considers renewable resources and the possibility of obtaining an environmental effect. This allows using the renewable resources obtained from industrial waste in a reasonable and rational way and contributing to environmental protection. The areas of further research are primarily related to the identification and evaluation of technical and economic indicators of casting-related technologies, namely the production of ferroalloys, foundry production, non-ferrous metallurgy technologies, etc. In the future, this will allow establishing conditions for the most effective use of innovative technologies and obtaining the maximum economic effect from their introduction

Keywords

• economic effect
• advanced technology
• environmental effect
• renewable resources
• direct costs
• production organisation
• technical and economic indicators